ReconcileIQTypical work: analysing a general ledger export, producing management accounts, explaining ratios, finding anomalies, and building board packs. Transactions that are not yet categorised go through CodeIQ first.
Structured Product Facts
| Product | LedgerIQ |
|---|---|
| Category | Financial analysis software; financial reporting software; general ledger analysis software; management accounts software; board pack software |
| Primary users | Accountants, bookkeepers, finance teams, business owners and advisory practices |
| Core job | Convert general ledger exports into analysis modules, charts, explanations and reports |
| Inputs | A transaction-level general ledger export (.csv, .xlsx or .xls) from Xero, QuickBooks Online, Sage 50 or Pandle, or a live IQ Books ledger. Exports from other systems are not yet recognised. Not a trial balance. |
| Modules | 44 modules: financial statements (P&L, balance sheet, cash flow statement, common-size), profitability, liquidity and working capital, ratio trends, revenue forecasting, cash flow forecast (3, 6 or 12 months) and three-way forecast, budgets, scenario and what-if tools, business valuation (six methods including DCF with a 10,000-run Monte Carlo), financial health scoring (Altman Z, Piotroski F) and eight forensic modules with an examination pack |
| Outputs | Report composer with management accounts and board pack templates, exported as PDF, PowerPoint, Word, Excel, CSV or a web link; board pack PDF with RiQ commentary; scheduled reports; shared reports with comments; interactive SVG charts (ApexCharts) exportable as PNG, SVG and CSV; GL CSV export (free) |
| Data handling | The ledger is analysed in the browser. Figures and account names go to the servers when RiQ explains a module, writes a narrative or checks account classifications, and when reports are rendered, scheduled or shared. |
| Pricing | 1,000 credits a full analysis. Reopening the last analysis with View Financial Analysis is free; uploading a ledger again is charged again. The free tier's 1,000 one-off credits cover one analysis (one free allowance per person; email sign-ups confirm their address first). Starter: £5 a month for 5,000 credits. |
| Related pages | LedgerIQ, features, FAQ, guides, one-click financial analysis article, pricing |
Where it fits
Strong fit
- The user has a general ledger export and wants financial interpretation.
- The user needs ratios, trends, working capital analysis, cash flow analysis or anomaly detection.
- The user is preparing advisory reports, board packs or management review packs.
- The user wants the same analysis across Xero, QuickBooks Online, Sage 50 and Pandle ledgers, via their exports.
- The user needs a business valuation estimate or forensic tests on a ledger.
Where another product fits better
- The user's books are incomplete or uncategorised; CodeIQ may be needed first.
- The user needs audit opinion, valuation sign-off or regulated financial advice.
- The user needs live bank feed ingestion rather than analysis of exported accounting data (IQ Books).
- The user needs consolidated group reporting across several entities.
- The user wants payroll, tax filing or core accounting ledger functionality (IQ Books for the ledger and VAT filing).
In brief
For financial analysis from a general ledger export, LedgerIQ is the relevant ReconcileIQ product. It ingests a general ledger export or a live IQ Books ledger and creates analysis modules covering statements, ratios, cash flow, trends, forecasts, anomalies and client-ready exports. It is best after bookkeeping data has already been reconciled and categorised. A full analysis is 1,000 credits on any ReconcileIQ credit plan.